Paul Krugman

@paulkrugman ↗

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Last Checked Nov. 2, 2020

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Wed Oct 16 11:43:00 +0000 2019

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Paul Krugman @paulkrugman

Of course there are always jobs being eliminated by technology somewhere. Remember when there were hundreds of thousands of longshoremen? But the idea that machines are replacing people en masse presumes that overall labor productivity is soaring, when the truth is the reverse 3/ — PolitiTweet.org

Posted Oct. 16, 2019 Hibernated

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Paul Krugman @paulkrugman

Burnett's premise was that automation is about to eliminate large numbers of jobs. This could be true — predictions are hard, especially about the future — but at least so far nothing like that is happening 2/ — PolitiTweet.org

Posted Oct. 16, 2019 Hibernated

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Paul Krugman @paulkrugman

Here's labor productivity over the past 30 years. It's slowing down! Output per hour rose 36% from 1996 to 2007, only 15% from 2007 to 2018. If automation is replacing people, why aren't we producing more with fewer people? 4/ https://t.co/BkA0BE5NZJ — PolitiTweet.org

Posted Oct. 16, 2019 Hibernated